CBDT in a Press Release Dated 19.09.2017 has described the Need of Voluntary Reoprting of estimated income and advance tax liability procedure proposed to inserted in Income Tax Rules 1962. A taxpayer who is liable to discharge part of its tax…
Category: Direct Tax
Extension of the last date of filing VAT Return for Q.E. 30/06/2016
Since there are compelling reasons to extend the due date of submission of return under section 32 of the West Bengal Value Added Tax Act, 2003, read with rule 34A and rule 34AA of the West Bengal Value Added Tax…
Mandatory Submission of Return using Digital Signature under WBVAT
In its continuous endeavour to promote e‑governance among citizens, the Directorate has decided to extend the facility of submission of return using digital signature to larger number of registered dealers with effect from quarter ending 30th June, 2016. Accordingly the…
Happy CA Day
One Day Registration for all dealers Under WBVAT
This Directorate has taken significant initiatives to grant quick and hassle-free registration under the West Bengal Value Added Tax Act, 2003 and the Central Sales Tax Act, 1956 to the dealers through the online process since August, 2011. It may…
No recovery from assessee where tax has been deducted but not deposited by deductor
SECTION 199 OF THE INCOME-TAX ACT, 1961 — DEDUCTION OF TAX AT SOURCE — CREDIT FOR TAX DEDUCTED — NON-DEPOSIT OF TAX DEDUCTED AT SOURCE BY THE DEDUCTOR OFFICE MEMORANDUM F.NO.275/29/2014-IT(B), DATED 11–3‑2016 Vide letter of even number dated 1–6‑2015,…
Income Tax Department published the Form 6
The Electronic Filling of Form 6 under The Black Money (Undisclosed Foreign Income and Assets) and imposition of The Tax Act 2015 has been enabled under the menu “e‑filling” in the income tax website “incometaxindiaefiling.gov.in” The details of the notification…
Another step ahead to GST : Govt amenable to full compensation to states for 5 years
The government appears ready to accept the demand for full compensation to states for a period of five years after introduction of the proposed national goods and services tax (GST). By acceding to this view among the Rajya Sabha panel…
Punjab and Haryana Increase VAT on Diesel
Punjab and Haryana raised Value Added Tax (VAT) on diesel, negating the full benefit of Rs. 2 per litre cut on fuel to consumers. The step has triggered sharp criticism from the farming sector of both states. While SAD-BJP led government hiked…
IATA APPEALS TO EXEMPT INTERNATIONAL AIR TICKETS FROM SERVICE TAX
Global airlines body IATA today made an appeal to the government, among others, to exempt international air ticket from service tax, for ease of doing business here, even as the Civil Aviation Ministry said there were different laws and regulations…